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and insurance broker.

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As Featured
Awards from
Our customers have rated our service
Feefo logo 96%
Christopher West - Purchase
A top class company that gives you more and more. They are the most professional company outside the Armed Services I have come across. ...Read More

Expat Mortgages

Buying a property in the UK if you’ve moved abroad can be time-consuming and frustrating, especially if you are paid in a currency other than UK sterling.

The lack of a permanent UK address can also hinder mortgage applications while many of the usual credit checks that lenders in the UK run do not work sufficiently well where borrowers live and work overseas.

It’s not impossible however and our advisers are specialists in securing attractive rates for British expats in just this position.

Which lenders offer expat mortgages?

Following several changes to the mortgage rules since 2010, the number of British lenders offering expats mortgages in the UK has got a lot smaller.

Unlike with straightforward residential mortgages, it’s much harder to find a list of ‘best buy’ rates. This is where a mortgage broker comes in. We have special relationships with a number of lenders that have experience dealing with expat lending.

These include several smaller building societies and a few specialist lenders that deal only with intermediaries.

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What Our Customers Say

Customer - Purchase
Excellent service and extremely useful to us. They accessed much better deals (and larger loans) than we were able to find on our own, and the fees we paid them were more than outweighed by the money saved in terms ...Read More
12 days ago

Customer - Rmg - Capital Raising
Very good initial response (Greg Simkins). However, at times there seemed to be a lack of communication within the team. This improved when Stephen Marsh took over. ...Read More
12 days ago

Steven - Buy to Let Remortgage
These guys are so professional. Not only are they literally the only company in the UK to handle business owners, but they deliver an effective and professional service. London office with supportive UK staff who just get the job dfone ...Read More
18 days ago

Customer - Remortgage
I have used Capital Fortune before and came back due to their professionalism. I would like to reiterate how pleased I was then and now. ...Read More
19 days ago

Find out more

Can I Get an Expat Mortgage?

Lenders are tough on expats because they have to show evidence that they know you can afford to repay the mortgage payments monthly.

If you are paid in a currency other than sterling, your ability to afford the repayments will be affected by the exchange rate between the pound and the currency you are paid in. This means that most lenders will lend you a mortgage on a smaller proportion of your salary than if you were earning in the UK.

There are more options for those looking to borrow more than £100,000 and who already have a mortgage in the UK. Also expats working in a country that is signed up to the Financial Action Task Force and who earn more than £40,000 or the equivalent in US dollars or in euros are in a reasonably strong position.

There is still help we can offer if your income doesn’t fit this mould. Speak to one of advisers for more information.

Contact Capital Fortune

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What About Expat Buy-to-Let?

While some expats look to buy a property for themselves when they’re coming home after working abroad and therefore need a residential mortgage, most expats buy a property at home and rent it out while they live and work abroad.

For this, you will need a buy-to-let mortgage. The way buy-to-let affordability is assessed has become stricter in recent years but generally speaking, you will need to show that the rental income on the property exceeds the mortgage payment at a ratio of 145 per cent.

For more on buy-to-let mortgages, click here

Because the mortgage affordability relies on rental income in the UK, this can make it easier to secure than an expat residential mortgage. However, proof of address, credit history and income will still need to be verified, especially as some buy-to-let lenders now ask to see personal income to supplement rental income.

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Offshore Mortgages

There are still some lenders that accept applications for offshore companies or individuals using trusts based offshore. This is type of lending can be complex in terms of the tax payable, with the government making several changes in recent Budgets to the way in which offshore investments are treated.

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For this reason, we would always recommend you get independent tax advice if considering using offshore vehicles. Our advisers are specialist in helping investors using these types of investing structures and would be happy to speak to you about how we can help.

Find Out Current Best Rates

Property Value
£
Mortgage Amount
£
Reason for Mortgage
Mortgage Type
Lender Initial Rate Type For Then APR* ERC* Fee
Monmouthshire BS 2 Year Discount £1999 Fee Purchase BMO0.99%Discount2 years 5.24%4.4%2 years £2149
Beverley BS 2 Year Discount £1895 Fee BBV1.28%Discount2 years 4.75%4.2%2 years £1895
Leeds BS 2 Year Tracker £999 Fee BLH1.32%TrackerOct-20205.69%4.8%31-Oct-2020 £999
Accord Intermediary 2 Year Discount £1495 Fee ACC1.34%DiscountFeb-20214.99%4.2% £1495
Skipton BS Intermediary Exclusive 2 Year Fixed £1995 Fee SBS1.38%FixedOct-20204.99%4.5%31-Oct-2020 £1995
Leeds BS 2 Year Fixed £1999 Fee BLH1.39%FixedDec-20205.69%4.9%31-Dec-2020 £1999
Progressive BS 2 Year Discount No Fee Purchase BPG1.39%Discount2 years 5%4.58%2 years £0
Skipton BS 2 Year Tracker £995 Fee SBS1.42%Tracker2 years 4.99%4.3% £995
Barclays Bank 2 Year Tracker £1999 Fee Purchase Wealth BWO1.44%Tracker2 years 4.24%3.8% £1999
TSB Intermediary 2 Year Fixed £995 Fee Purchase TSB1.44%FixedNov-20204.24%3.9%30-Nov-2020 £995
Mortgage product availability is subject to status and availability. Although great care is taken to ensure that product details are as accurate as possible no liability can be accepted for errors or omissions.
*APR = Annual Percentage Rate *ERC = Early Repayment Charge
*These figures are only illustrative. An assessment of your needs will be confirmed before a recommendation can be made. A Key Facts Illustration, which is personal to your circumstances, will be provided if a recommendation for a mortgage product is made.

Best Discounted Rates

LenderRateType
Monmouthshire BS 2 Year Discount £1999 Fee Purchase BMO0.99%
then 5.24
(variable)
DiscountRead More
Yorkshire Building Society Direct 2 Year Discount £1495 Fee YBS1.17%
then 4.99
(variable)
DiscountRead More
Beverley BS 2 Year Discount £1895 Fee BBV1.28%
then 4.75
(variable)
DiscountRead More

Best 5 Year Fixed Rates

LenderRateType
Yorkshire Building Society Direct 2 Year Fixed £1495 Fee YBS1.38%
then 4.99
(variable)
FixedRead More
Skipton BS Intermediary Exclusive 2 Year Fixed £1995 Fee SBS1.38%
then 4.99
(variable)
FixedRead More
HSBC Direct 2 Year Fixed £1499 Fee C/A Premier Standard HSB1.39%
then 4.19
(variable)
FixedRead More
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